Wednesday, 9 September 2026

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Banking union

Latest Banking union news

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Illustrative image: low angle of the glass facade of a banking office building with a cloudy sky in the background.

Elderson: "European banks are not less profitable than those in the US."

The ECB claims European banks have matched US profitability (ROE around 10%) and calls for a single banking market to compete in digitalisation, AI, and defence.